Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price dropped 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares were traded during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Securities dropped their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada dropped their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Stock Performance

The firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.08. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The firm had revenue of C$232.09 million during the quarter. As a group, research analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.